Adidas 2002 Annual Report Download - page 114

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Executive Board Statement
112 FINANCIAL ANALYSIS
Executive Board Statement ///
The Executive Board of adidas-Salomon AG is responsible for the compilation, completeness and
accuracy of the Group’s annual consolidated financial statements, the description of the economic
development and the management discussion and analysis as well as the other information
presented in the annual report. The consolidated financial statements 2002 were prepared in
accordance with International Financial Reporting Standards (IFRS) adopted by the International
Accounting Standards Board (IASB). The consolidated financial statements also comply with
§ 292a German Commercial Code (HGB), which exempts adidas-Salomon AG from the obligation of
reporting consolidated financial statements under German GAAP. The management discussion and
analysis additionally complies with the requirements of the German Commercial Code (HGB).
To ensure accuracy and reliability of the underlying information, the content of the consolidated
financial statements is based on the information reported in accordance with Group-wide uniform
guidelines which are consistent for all companies included in consolidation. The integrity of the
reporting process and risk management systems is safeguarded by effective internal control
systems established under the direction of the Executive Board which is in compliance with the
German Act regarding the Control and Transparency of Company Divisions (KonTraG). As a
consequence, a true and fair view of the Group’s financial position, results of operations and cash
flows and its reporting thereon is assured and the Executive Board is in a position to recognize
potential investment risks and negative developments at an early stage and take appropriate
countermeasures.
In accordance with a resolution adopted by the shareholders at the Annual General Meeting in
2002, KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft,
Frankfurt, was appointed as independent auditor to audit adidas-Salomon’s consolidated financial
statements and management discussion and analysis contained in this annual report.
The Supervisory Board examines the consolidated financial statements, the management
discussion and analysis as well as the audit report at its meeting on the annual consolidated finan-
cial statements. The results of these reviews are described in the supervisory board report.
Herzogenaurach, February 14, 2003
Herbert Hainer /// CEO and Chairman Robin Stalker /// Chief Financial Officer